Supply Chain Analytics Market Summary

The global supply chain analytics market size was valued at USD 6.12 billion in 2022 and is projected to reach USD 22.46 billion by 2030, expanding at a compound annual growth rate (CAGR) of 17.8% from 2023 to 2030. The growing demand for supply chain analytics (SCA) solutions is driven by increasing awareness of their benefits, including improved forecasting accuracy, enhanced supply chain optimization, reduced operational waste, and the ability to generate actionable insights from business data. These analytics tools enable organizations to gain end-to-end visibility and make informed decisions that drive efficiency and profitability.

The increasing number of small and medium enterprises (SMEs) and their rising investments in analytics solutions to strengthen their market position and compete with established players are expected to boost market growth over the forecast period. SMEs are leveraging supply chain analytics to enhance operational agility, reduce costs, and mitigate risks associated with supply chain disruptions. The widespread adoption of advanced technologies such as artificial intelligence, machine learning, and the Internet of Things (IoT) in supply chain processes is further supporting the market’s expansion.

Supply chain analytics empowers businesses to make strategic decisions regarding technology adoption, organizational structure, and resource allocation. It also aids in optimizing supplier relationships, managing inventory, and improving overall productivity. For example, in April 2023, Accenture PLC acquired EINR AS, a logistics solution provider, to enhance its SAP-based capabilities and accelerate supply chain transformation in industries such as consumer electronics and retail. This highlights the growing focus of leading firms on strategic partnerships and acquisitions to expand their analytics capabilities.

Key Market Trends & Insights

  • North America dominated the global supply chain analytics market with the largest revenue share of 37.0% in 2022. The region’s leadership is attributed to the high adoption of advanced analytics technologies, strong presence of key players, and increased focus on digital transformation across industries. The Asia Pacific region, on the other hand, is expected to record the fastest CAGR of 21.9% during the forecast period, driven by rapid industrialization, expanding e-commerce, and growing awareness of data-driven supply chain optimization in emerging economies such as China and India.
  • By service, the professional services segment held a dominant market position with a revenue share of 60% in 2022. This dominance is due to the increasing need for consulting, system integration, and training services to help organizations effectively implement analytics solutions. By deployment, the cloud segment accounted for the largest revenue share of 62% in 2022, supported by its scalability, cost-effectiveness, and ease of integration with existing enterprise systems. Furthermore, by enterprise size, the small and medium enterprises segment is projected to grow at the fastest CAGR of 19.2% from 2023 to 2030, reflecting the growing recognition of analytics as a critical tool for competitiveness and resilience among smaller firms.

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Market Size & Forecast

  • 2022 Market Size: USD 6.12 Billion
  • 2030 Projected Market Size: USD 22.46 Billion
  • CAGR (2023 to 2030): 17.8%
  • North America: Largest market in 2022
  • Asia Pacific: Fastest growing market

Key Companies & Market Share Insights

SAP SE, Oracle Corporation, Maersk Group, Accenture PLC, and JDA Software Group, Inc. are major players offering SCA software solutions to various industry verticals. As a result of the tendency to optimize the delivery mechanism from the point of production to the end of consumption, businesses have started using unified advanced analytics software. Due to the advancement of supply chain solutions employing artificial intelligence, predictive analytics, big data, and leveraging interactive software solutions and useful dashboards, market participants are motivated to develop sophisticated SCA solutions. For instance, in June 2023, an automobile company, Jaguar Land Rover (JLR) announced a collaboration with Everstream Analytics, a supply chain solution provider, which embedded AI into JLR’s supply chain management allowing JLR to monitor the supply chain in real-time and avoid supply-related issues.

Furthermore, market players are resorting to growth strategies such as collaborations, new joint ventures, mergers & acquisitions, and product development to stay competitive and expand their reach in the global market. In March 2023, EY partnered with o9 Solutions, a supply chain management solution provider, to offer supply chain planning solutions powered by big data, cloud computing, machine learning, and AI.

Key Players

  • Accenture PLC
  • Aera Technology
  • Birst, Inc.
  • Capgemini SA
  • Genpact Limited
  • International Business Machines Corporation
  • JDA Software Group, Inc.
  • Kinaxis
  • Lockheed Martin Corporation
  • Maersk Group
  • Manhattan Associates, Inc.

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Conclusion

The global supply chain analytics market is poised for substantial growth, driven by the increasing emphasis on operational efficiency, data-driven decision-making, and digital transformation across industries. The adoption of advanced technologies such as AI, machine learning, and cloud computing is enhancing the precision and accessibility of analytics tools. With North America leading and Asia Pacific emerging as a high-growth region, the market presents strong potential for innovation and expansion. As businesses continue to prioritize agility, transparency, and sustainability in their operations, supply chain analytics will remain a crucial enabler of global competitiveness and long-term growth.